By Toni Weeks
San Diego, June 21 - Deutsche Bank AG, London Branch priced $1.18 million of 0% commodities strategy securities due July 20, 2012 linked to a basket holding the Deutsche Bank Commodity Booster - Dow Jones - UBS 14 TV Index Excess Return and the Deutsche Bank Commodity Harvest - 10 Index USD Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The basket level on any day equals 100 plus the indexes' returns on that day minus the adjustment factor, which is a flat 0.25% plus an additional 2.2% per year.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The notes will be called if the unadjusted basket level - the basket level before the application of the adjustment factor - falls below 40. Investors will receive par plus the basket return calculated on the day after the call is triggered.
The notes (Cusip: 2515A17V7) are expected to price June 17 and settle June 22.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Commodities strategy securities
|
| Underlying indexes: | Deutsche Bank commodity Booster - Dow Jones - UBS 14 TV Index Excess Return and Deutsche Bank commodity Harvest - 10 Index USD Total Return
|
| Amount: | $1.18 million
|
| Maturity: | July 20, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return; basket level on any day is 100 plus indexes' returns on that day minus adjustment factor of 0.25% plus 2.2% per year
|
| Initial levels: | 349.67 for booster index, 828.13 for harvest index
|
| Call option: | Par plus basket return on call date if unadjusted basket level falls below 40
|
| Pricing date: | June 17
|
| Settlement date: | June 22
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 0.25%
|
| Cusip: | 2515A17V7
|
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